NEW YORK, June 24 (Reuters) - Stocks on global markets jumped on Friday, with Wall Street up more than 2% and the MSCI global index set for a weekly gain after three straight weeks of declines, as sliding commodity prices eased worries about inflation.
The benchmark S&P 500 last week confirmed a bear market.
The Dow Jones Industrial Average (.DJI) rose 656.17 points, or 2.14%, to 31,333.53, the S&P 500 (.SPX) gained 86.74 points, or 2.29%, to 3,882.47 and the Nasdaq Composite (.IXIC) added 234.04 points, or 2.08%, to 11,466.23.
The pan-European STOXX 600 index (.STOXX) rose 2.62% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 2.16%.
In the foreign exchange market, the dollar index fell 0.297%, with the euro up 0.27% to $1.0551.
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